DCG

Digital Currency Group Wants NY Fraud Lawsuit Tossed
Digital Currency Group Wants NY Fraud Lawsuit Tossed
March 06, 2024  |  Legal

Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit,...

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NY AG Alleges $3 Billion Fraud in Updated Crypto Scam Case
NY AG Alleges $3 Billion Fraud in Updated Crypto Scam Case
February 11, 2024  |  Cryptocurrency

New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried...

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Genesis’ New Bankruptcy Plan Draws Ire of the Feds
Genesis’ New Bankruptcy Plan Draws Ire of the Feds
November 02, 2023  |  Legal

Genesis has altered its bankruptcy plans, and that doesn’t sit well with the federal government. The crypto lender said in a filing last week that it...

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Genesis Global Trading to End Over-the-Counter Crypto Trading in US
Genesis Global Trading to End Over-the-Counter Crypto Trading in US
September 05, 2023  |  Cryptocurrency

Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. 18. In an email sent to clients,...

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Report: CoinDesk to Change Hands in $125 Million Deal
Report: CoinDesk to Change Hands in $125 Million Deal
July 20, 2023  |  Cryptocurrency

A syndicate of investors is reportedly poised to take control of cryptocurrency-focused media company CoinDesk. The investor group is led by Matthew Roszak of Tally Capital, a private investment...

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DCG Seeks Bankers for Portfolio Firms Among Major Lenders
DCG Seeks Bankers for Portfolio Firms Among Major Lenders
March 14, 2023  |  Banking

Digital Currency Group (DCG) is reportedly looking for new bankers for its portfolio companies following three high-profile bank failures. The cryptocurrency company has found through...

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Crypto Bank Silvergate Says Genesis Exposure ‘Minimal’
Crypto Bank Silvergate Says Genesis Exposure ‘Minimal’
January 22, 2023  |  Cryptocurrency

Crypto-centric bank Silvergate said its exposure to bankrupt lender Genesis has been limited. The bank made this announcement in an update Friday (Jan. 20), one...

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Barry Silbert’s DCG Crisis Over Who Owes What Complicated by Who Owns What
Barry Silbert’s DCG Crisis Over Who Owes What Complicated by Who Owns What
January 19, 2023  |  Cryptocurrency

It’s hard to tell who is faring worse, Barry Silbert, or his stable of companies. The one-time paper billionaire’s wealth has cratered to the mere...

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Genesis Cuts Staff 20% Staff as CEO Michael Moro Exits, COO Named Interim Exec
Genesis Cuts Staff 20% Staff as CEO Michael Moro Exits, COO Named Interim Exec
August 17, 2022  |  Cryptocurrency

In a workforce and leadership shakeup, crypto brokerage Genesis is cutting 20% of its staff as CEO Michael Moro stepped down and Chief Operating Officer...

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